https://arstechnica.com/tech-policy/2024/03/bitcoin-price-hits-record-69k-after-sec-approvals-fueled-7b-in-investments/

Bitcoin's price hit a record high Tuesday, surging above $69,000 and notching past its prior peak price of $68,991.85 recorded in 2021.

After bitcoin hit its lowest point in 2022 amidst a cryptocurrency industry crash, bitcoin's comeback began in early 2023, Bloomberg reported. But this week's record price owes a lot to the US Securities and Exchange Commission (SEC) approving spot-bitcoin exchange-traded funds (ETFs) in early January, which funneled more than $7 billion into various bitcoin investment products in less than two months, The New York Times reported.